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Search Results 0 to 6 of about 7 (some duplicates have been removed)
steps. but in 10 days, we face a deadline. in 10 days, under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us, agrees that tax rates should not go up for the other 98% of americans, which includes 97% of small businesses. every member of congress believes that. every democrat. every republican. so there is absolutely no reason not to protect these americans from a tax hike. but the very least, let us agree right now on what we already agree on. let us get that done. i just spoke to speaker boehner and met with senator reid. i have asked congress to work on a package that prevents a tax hike on middle-class americans, protect unemployment insurance for 2 million americans, and lays the groundwork for further work on growth and deficit reduction. that is an achievable goal. that can get done in 10 days. once this legislation is agreed to, i expect democrats and republicans to get back to washington and have it p
was described as an antidote and he promised to deliver. he practiced international trade law and washington. on behalf of the west virginia state society, i would like to introduce ira shapiro. thank you. [applause] >> thank you for the kind introduction. thank you to the society for giving me the chance to be here. thanks to mike who did so much to organize the event. he is an old friend. thank you, mike. i'm delighted to be here today with corbin. -- david corbin. we have two books that talk about robert byrd from different perspectives. my book is basically about the senate and the last great senate as i refer to it. senator byrd was the majority leader during the period of time i wrote about. it gives you an ensemble sense of how the senate works. the book originated in 2008. i had been in the senate in the 1970s and 1980s. by 2008, i decided the senate had become utterly unrecognizable to me. polarized and paralyzed, really quite dysfunctional. i decided to write a book about the senate when it was great, specifically when i was there. [laughter] when you do something like that, you ha
that is in effect. they do it, because if they don't do it, the farm legislation lapses and we revert to farm laws between 1938 and '39. the house has not even voted on its version. congress doing nothing about even the stuff everyone is paying attention to, not to mention being famously not in session, it seems highly unlikely the house is going to get it done in time. so what? here's what, in one example. if there is no new farm bill six days from now, the government will have to abide by the provisions of a 19 49d law regarding milk. that would require them to buy milk from dairy farmers at hugely inflated prices. if that law takes effect again in 2013, the government will be forced to pay double what it currently pays for milk. for a short time it will be awesome for dairy farmers, they can sell as much milk as they can to make a ton of money. even dairy farmers know that the windfall will be bad news real quick. the government run on milk will lead to shortages for people who buy milk at the grocery store or buy it to make dairy products like cheese and pizza. americans love their pizza. it w
trillion over ten years. here we are today, december 19, and these law changes which i referenced earlier, the end of the bush era tax cuts, the dreaded sequester, across the board cuts of $1.2 trillion in spending will begin to take effect the first of next year. the good news is the white house and republicans have been trading proposals and at least yesterday appeared to be moving closer together. i would have much preferred that they would be talking about a bigger package than they've discussed but nonetheless to reach a package that would resolve some of these issues would be an important step forward and i think help promote certainty that would be important to our economy. on the revenue side of the equation, i just want to remind you what it's taken in the past to balance the budget. we hear talk on average revenue is in the 18% of g.d.p. range n. getting back to average you will should be sufficient. the problem with that is we have never balanced the budget in the last 50 years based on 18% of g.d.p. in revenue. balancedtimes we've going back to 1969, you can see that revenue h
are at the point where in four days every american's tax rates are scheduled to go up by law. every americans' paychecks will get considerably smaller. that would be the wrong thing to do for our economy, it would be bad for middle-class families, and it would be bad for businesses that depend on family spending. congress can prevent it if they act right now. i just had a good and constructive discussion here at the white house with leadership about how to prevent the tax hike on the middle class. i am optimistic we may reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak, but if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote to protect the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. i believe such a proposal could pas
Search Results 0 to 6 of about 7 (some duplicates have been removed)